Greenbacker Invests in Sunrock DG’s Business Solar+Storage Platform

Benjamin Baker

Greenbacker Development Opportunities Fund I LP, which offers versatile capital and technical steering for growth-stage clear energy firms, has made an funding in Sunrock Distributed Generation (Sunrock DG), a financing and asset aggregation platform for business and industrial (C&I) solar and energy storage tasks throughout the nation.

The partnership with Greenbacker will enhance Sunrock DG’s capability to supply financing for small and medium companies (SMBs) transitioning to solar energy. It will even allow Sunrock DG to increase its pipeline of middle-market business solar and storage tasks. Historically, assembly the clear energy wants of SMBs has been prohibitively costly to handle.

Sunrock DG develops smaller-scale business solar tasks that enable companies, municipalities and nonprofits to entry the monetary and environmental advantages of solar power. Given challenges in attaining economies of scale, many firms haven’t been capable of supply engaging third-party financing merchandise to middle-market homeowners. Sunrock DG’s proprietary underwriting standards and know-how, novel financing sources and community of over 100 developer companions throughout the nation enable it to supply this market section each financing and reasonably priced merchandise.

“We believe distributed generation has an inherently long tail, with the best opportunities and highest yields in the smaller end of the market,” says Benjamin Baker, managing director at Greenbacker. “We’re thrilled to partner with Sunrock DG to expand our presence in C&I solar and enable Sunrock DG to accelerate its growth and meet the immense demand for low-cost clean energy solutions, particularly in light of rising power prices.”

“The solar market has been ineffective at serving middle-market commercial customers for the last 20 years,” states founder Claire Broido Johnson. “Through our collaboration with Greenbacker and our deep network of developer partners, we’re looking forward to bringing more thoughtful financing structures to this underserved segment of the market.”

Greenbacker Capital Management established the Greenbacker Development Opportunities Fund I LP in 2020 to put money into firms targeted on sustainable infrastructure improvement.

Recent Articles

Solar is Not Lifeless in California… Net Metering 3.0 Defined

Learn extra at www.pacificsuntech.com/net-metering Net Energy Metering could also be “dead” however solar will not be. For many people within the ...

Enphase IQ Battery 5P is its strongest but

Enphase Energy launched its strongest home battery to-date, the IQ Battery 5P, for patrons within the United States and Puerto...

A printable, versatile, natural solar cell | Hannah Bürckstümmer

Unlike the solar cells you are used to seeing, natural photovoltaics are made from compounds which can be dissolved in ink and may be...

ConnectDER’s meter collar nets $27M in funding, makes any home ‘solar ready’

By Chris Crowell May 26, 2023 ConnectDER has quick connection adapter that may make houses solar and EV prepared...

Find out how to Pitch SPANISH Solar Offers : Tampa 2022

We're in Tampa, Florida and Manny Guerrero is a particular visitor on the present. We interview and meet him within the area to seek...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox